RealPage, Inc. (NASDAQ:RP) CEO Sells $1,101,279.90 in Stock
RealPage, Inc. (NASDAQ:RP) CEO Stephen T. Winn sold 27,930 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $39.43, for a total value of $1,101,279.90. Following the transaction, the chief executive officer now owns 3,352,600 shares in the company, valued at $132,193,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of RealPage, Inc. (RP) traded up 4.86% during midday trading on Friday, reaching $39.90. The company’s stock had a trading volume of 824,998 shares. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 124.69 and a beta of 1.11. The stock has a 50 day moving average price of $38.20 and a 200-day moving average price of $35.56. RealPage, Inc. has a 52-week low of $23.69 and a 52-week high of $43.65.
RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. RealPage’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 EPS. Equities research analysts expect that RealPage, Inc. will post $0.93 EPS for the current year.
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Several brokerages recently issued reports on RP. Zacks Investment Research cut RealPage from a “hold” rating to a “sell” rating in a research note on Wednesday. Deutsche Bank AG restated a “buy” rating and set a $45.00 price objective (up from $42.00) on shares of RealPage in a research note on Wednesday. Royal Bank Of Canada restated a “sector perform” rating and set a $42.00 price objective (up from $38.00) on shares of RealPage in a research note on Wednesday. Stephens restated an “overweight” rating and set a $47.00 price objective (up from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. Finally, JMP Securities restated an “outperform” rating and set a $43.00 price objective on shares of RealPage in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.83.
A number of hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake in shares of RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after buying an additional 100 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of RealPage by 0.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,088 shares of the software maker’s stock valued at $1,369,000 after buying an additional 100 shares in the last quarter. Martingale Asset Management L P raised its position in RealPage by 1.4% in the second quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock worth $260,000 after buying an additional 100 shares in the last quarter. Renaissance Group LLC raised its position in RealPage by 2.4% in the second quarter. Renaissance Group LLC now owns 9,424 shares of the software maker’s stock worth $339,000 after buying an additional 218 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after buying an additional 272 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.
RealPage Company Profile
RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.
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